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Real Estate

Housing Units Worth Rs. 3 Lakh Crore Lag Delivery Deadlines In 7 Cities: PropEquity

In NCR, the number of such housing units has been estimated at over 1.8 lakh, said PropEquity. More than 4.65 lakh housing units across the country are lagging their delivery deadlines, according to a report by property consultant PropEquity. Although the country’s real estate or property market “may be witnessing green shoots of recovery in select micro markets”, the projects ... Read More »

Share market update: Realty stocks subdued; HDIL, IB Real Estate top losers

NEW DELHI: Most realty stocks, including Housing Development & Infrastructure (HDIL)(down 1.53 per cent), Indiabulls Real EstateNSE -2.79 % (down 1.48 per cent) and Prestige Estates Projects (down 1.27 per cent), were trading with losses. The Nifty Realty index was trading 0.22 per cent down at 267 around 02:30 pm. Sobha (down 0.68 per cent), Phoenix Mills (down 0.63 per cent) and Brigade ... Read More »

Housing projects worth Rs 3.3 lakh cr stuck across India: PropEquity

NEW DELHI: Over 4.65 lakh units, worth over USD 47 billion, are facing significant execution delays across major Indian cities due to sales slowdown, cash crunch facing developers and issues related to project approvals, says a PropEquity report. As many as 1,687 projects, comprising 4,65,555 units with a saleable area of nearly 600 million sq ft, are significantly behind delivery schedule, it said. ... Read More »

Vietnam: The Next Frontier in Asia’s Luxury Real Estate Market

Ho Chi Minh city skyline PHUNG HUYNH VU QUI / GETTY IMAGES Activity in the luxury real estate market is surging in Vietnam, mirroring a booming economy that posted a 7.38% year-over-year increase in GDP in the first quarter of 2018—the country’s strongest in a decade. In Hanoi, plots in Starlake City, a multimillion-dollar planned community of luxurious villas and landed ... Read More »

Developing airports like real estate business doomed to fail: IATA

The professional also said that privatisation of aviation infrastructure, including airports, is not always the solution. (Representative Image) India needs a comprehensive aviation infrastructure plan as air traffic is booming but developing airports like real estate business is “doomed to fail”, according to a top aviation professional. The professional also said that privatisation of aviation infrastructure, including airports, is not ... Read More »

Foreign investment in real estate down 20%

While global institutional investors’ interest in Indian real estate continues to show an uptick, the latest June quarter has shown a decline in their investment owing to delayed conclusion of a few large deals. Indian real estate has attracted investments worth $1.08 billion in the June quarter across 11 transactions, down 20% from a year ago, showed data from Venture Intelligence. However, ... Read More »

Post-Real Estate Regulation Act, channel partners emerge as vital cog

MUMBAI, MARCH 18 With the dynamics of the real estate sector changing in post-RERA and GST era, developers are increasingly becoming dependent on channel partners to push sales through innovative ideas. “Channel partners have started adding more value in marketing and sales. They are increasingly acting as advisors — sales professionals than brokers. They are taking more responsibility and are ... Read More »

Mumbai’s Real Estate Will Take At Least A Year To Revive, Knight Frank Says

Maharashtra’s change in law allowing a reduction in ready-reckoner or benchmark property rates suggests that a revival from the disruption caused by the cash ban and a strict housing regulation may take another 12-18 months, Knight Frank India said. Most of the people who don’t need houses immediately in Mumbai, India’s second-largest property market, will prefer waiting to see a ... Read More »

Godrej Fund Management enters the commercial real estate private equity space

Godrej Fund Management, the real estate private equity arm of the Godrej Group, has announced the first close of its US $450 million office development fund and a US $150 million office investment fund. Jointly the funds can invest/develop office assets worth over US $1 billion in value, a company statement said. With this development, the assets under management for GFM, ... Read More »

India’s real estate sector to reach $180 billion by 2020, says report

India’s real estate sector is projected to reach $180 billion by 2020 from $126 billion in 2015, according to a joint report by CREDAI and JLL.Investment inflows in the housing sector since 2014 have been Rs 590 billion, about 47 per cent of the total invested money in real estate, it said.The report also said that the contribution of the residential segment to the ... Read More »